Westpac Banking Corporation Share Price and Company Fundamentals
Last traded: Today at 6:10 AM
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through four divisions: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses, and Group Businesses. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, and business insurance products. The company also provides merchant and payment, corporate and institutional, transaction banking, financial market, corporate and structured finance, trade and supply chain financing, and industry specific banking and treasury services, as well as online banking services. It serves individuals; micro, small, and medium enterprises; commercial business and private wealth clients; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney, Australia.
Key Metrics
PE ratio
20.38
PB ratio
1.25
Dividend yield
3.59%
Beta
0.76
Market cap
$90.02B
Enterprise value
$187.53B
Company profile
| Primary activities | Banking, financial and related services. |
|---|---|
| Industry / Sector | Banks—Diversified / Financial Services |
| Full time employees | 33607 |
| Website | http://www.westpac.com.au |
| Mailing address | 275 Kent Street Sydney NSW 2000 Australia |
| Phone / Fax | 61 2 9155 7713 / 61 2 8253 4128 |
| Share registry | LINK MARKET SERVICES LIMITED |
Annual reports
| Published on | Report |
|---|---|
| 05 Nov 2020 | Westpac 2020 Annual Report on Form 20-F |
| 01 Nov 2020 | Westpac 2020 Group Annual Report |
Dividends
More: Westpac Banking Corporation Dividend history, yield and payout ratio
Dividend yield
3.59%
Dividend amount
$0.89
Payout ratio
26.52%
5Y Avg. yield
5.89%
Westpac Banking Corporation paid $0.89 dividend and the ex-dividend date was 13 May 2021.The dividend payout ratio is 26.52%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.WBC dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
WBC's forward dividend amount is $0.89 and the forward dividend yield is 3.61%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
Company Executives
As of Jul 2021, following are the company executives and directors listed on Westpac Banking Corporation.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Peter Francis King F.C.A., BEc, FCA | CEO, MD & Director | 50 | 2.81M |
| Mr. Michael Rowland B.Com., F.C.A. | Chief Financial Officer | 58 | 1.22M |
| Mr. Leslie Wilson Vance | Group Exec. of Financial Crime, Compliance & Conduct | 49 | 1M |
| Ms. Rebecca Lim L.L.B., B Econ, LLB (Hons) | Group Gen. Counsel & Enterprise Exec. | 48 | 871.92k |
| Ms. Christine Parker | Group Exec. of HR | 60 | 999.8k |
| Mr. Jason Yetton B.Com., BCom, TGMP, GDAppFin | Chief Exec. of Specialist Bus.es & Group Strategy | 50 | 1.25M |
| Ms. Carolyn McCann B.A. | Group Exec. of Customer & Corp. Relations | 47 | 941k |
| Mr. David Stephen | Chief Risk Officer | 55 | 1.89M |
| Mr. Scott Collary | Chief Operating Officer | ||
| Mr. Andrew Bowden | Head of Investor Relations |
Profitability and management effectiveness
Profit margin
23.06%
Operating margin
45.08%
Return on assets
0.49%
Return on equity
6.51%
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Westpac Banking Corporation is 90.02B and its enterprise value is 187.53B. The enterprise value to revenue ratio of WBC is 9.52.
The WBC's stocks Beta value is 0.76 making it 24% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Companies similar to Westpac Banking Corporation (WBC)
- Australia And New Zealand Banking Group (ANZ)
- Bank Of Queensland (BOQ)
- Bendigo And Adelaide Bank (BEN)
- Commonwealth Bank Of Australia (CBA)
- National Australia Bank (NAB)
- Virgin Money Uk Plc (VUK)
Westpac Banking Corporation (ASX:WBC) Frequently Asked Questions
1. What is Westpac Banking Corporation's Stock Symbol?
Westpac Banking Corporation trades on ASX under the ticker symbol "WBC".
2. What is Westpac Banking Corporation's stock price today?
One share of WBC stock can currently be purchased for approximately $24.56.
3. How can I contact Westpac Banking Corporation?
Westpac Banking Corporation's mailing address is 275 Kent Street Sydney NSW 2000 Australia. The company can be reached via phone at 61 2 9155 7713.
4. What is Westpac Banking Corporation's official website?
The official website of Westpac Banking Corporation is http://www.westpac.com.au.
5. Which share registry manages Westpac Banking Corporation's stock?
Westpac Banking Corporation's stock is managed by LINK MARKET SERVICES LIMITED.